Ethereum: the most promising macro investment. Wall Street analyst and Fundstrat's Chief Investment Officer, Tom Lee, made bold predictions about Ethereum (ETH). He anticipates the cryptocurrency could reach 5…
Wall Street analyst and Chief Investment Officer at Fundstrat, Tom Lee, recently made bold predictions about Ethereum (ETH). He anticipates that the cryptocurrency could reach $5,500 in the short term and target $12,000 by the end of the year.
But that’s not all. Lee also described Ethereum as the “greatest macroeconomic trade” of the decade, citing three main catalysts:
According to Lee, stablecoins will play an essential role in building the new global financial infrastructure. Ethereum is the blockchain of reference for the development of these digital assets backed by fiat currencies.
Lee also highlights the rise of the “Crypto Project,” which is the increasing adoption of blockchain by traditional financial players. Here again, Ethereum establishes itself as the platform of choice for these initiatives.
In the longer term, the analyst emphasizes artificial intelligence (AI) as the third major catalyst. AI will generate an astronomical amount of data that will need to be verified securely. The Ethereum blockchain, with its smart contracts, will be the ideal solution to meet this challenge.
Despite this extremely positive outlook, ETH recently experienced a correction of 12% from its previous all-time high of $4,950. The price has thus returned below the $4,500 mark.
However, certain technical indicators suggest that this short-term weakness could be followed by a rebound. The “25-Delta Skew,” which measures market sentiment, has indeed jumped from about 1 to 4% on short-term maturities. This indicates that traders are betting on an upcoming price recovery.
Ultimately, although ETH has recently experienced a correction, the medium and long-term outlook remains extremely favorable. With stablecoins, the Crypto Project, and AI as the main catalysts, Tom Lee considers Ethereum to be “the greatest macroeconomic trade” of the coming decade.
Take advantage of this historic institutional interest by easily buying ETH on Bitget. As $10,000 becomes increasingly likely for Ethereum, follow the whales and accumulate ETH before it explodes:
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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